What’s trending in Affordable Housing



July 24, 2017

Affordable Housing Blog

Author(s): Erica F. Buckley, Forrest David Milder, Richard Michael Price, Aaron J. Yowell

HPD issues proposed rules on Affordable New York Housing Program, find out more about converting mod rehab to PBRA and why the Partnership Representative designation is so important. Here’s what’s trending in affordable housing and community development.

HUD

How do I learn more about converting mod rehab to PBRA?

RAD is moving briskly, converting project-based subsidy from old and expiring programs, and from public housing subsidy, to Section 8 project-based vouchers and project-based rental assistance. However, existing moderate rehabilitation properties have not participated at the same level as other kinds of apartment complexes.—Richard Michael Price

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Tax

Who should be the Partnership Representative?

Managing partners and investor partners should mindfully designate a “Partnership Representative” before 2018 begins.—Kenneth H. Silverberg and Forrest Milder

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AFHS

HPD issues proposed rules on Affordable New York Housing Program — guidelines for building service worker and construction worker wages

This is the second of three installments on the proposed rules and application for the Affordable New York Housing Program (aka 421-a) as released by the NYC Department of Housing Preservation and Development (HPD). This installment covers the new rules on prevailing wage and construction wage requirements, with an emphasis on oversight and enforcement.—Erica F. Buckley and Aaron Yowell

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